
If you think a 25% tariff is bad, what about a tariff that goes past 3,500%?
On Monday, the U.S. Department of Commerce slapped high tariffs on solar panels and their related products coming from four Southeast Asian countries, Malaysia, Vietnam, Thailand, and Cambodia, accusing manufacturers there of dumping products on the U.S. market. The announcement ends a yearlong trade probe initiated under the Biden administration.
Tariff levels varied wildly between different countries and manufacturers. Solar cells made in Malaysia by Korean company Hanwha only got a tariff of 14.64%, the lowest imposed.